Paxos Labs has announced the launch of USDG0, a new version of its regulated USDG stablecoin that works across different blockchain networks.
This release connects dollar-backed liquidity to Hyperliquid
$261.6M
, Aptos
USDG is a stablecoin issued by Paxos and supported by actual US dollars on a one-to-one basis. It operates under the Global Dollar Network, which ensures compliance and oversight.
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The new USDG0 builds on this system, which allows the same stablecoin to function on multiple platforms while keeping its regulatory safeguards.
Through LayerZero’s technology, USDG0 can transfer between blockchains such as Ethereum
In its first phase, Paxos is partnering with several networks to highlight how USDG0 can fit into different financial setups. On Hyperliquid, it will help develop trading options linked to yield and open lending opportunities.
Plume and Aptos plan to use it for modular decentralized finance (DeFi) systems, tokenized yield products, and reliable payment infrastructure for businesses.
USDG0 aims to make it easier for applications to include dollar liquidity, earn returns based on Treasury rates, and send value across chains efficiently.
Paxos describes the project as an example of “regulated infrastructure meeting the flexibility of DeFi”.
Paxos recently created 300 trillion tokens and then removed them from the blockchain within less than 30 minutes. What happened? Read the full story.
